This book involves scrutiny of the doctrine of legal transplants – corporate governance transplants, in particular. It focuses on the viability of Western corporate governance transplants to certain South Asian countries. It specifically sheds light on the corporate governance regimes in Bangladesh, India, and Pakistan as transplanted from the West. It questions the feasibility, robustness, resilience, and congruity of the regimes in light of their local conditions, values, norms, culture, and ideology among others. The book examines the challenges facing soft law approach to corporate governance, while analysing the effectiveness of this approach in the context of developing countries. It assesses whether a regulatory, hard law, or a hybrid approach is more appropriate for developing countries as opposed to the principles-based regime in the UK. It recommends innovative and practicable reform proposals to enhance the transplanted legal frameworks.
